Dec 21, 2019
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Sally Ho’s Technical Analysis 21 December 2019 BTC ETH

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Bitcoin

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair climbed to the 7207.35 area, a steady improvement from a low of 7073.66 during yesterday’s Asian session.  The pair continues to orbit the 7084.98 area, representing the 23.6% retracement of the 19891.99 – 3129.89 range. Also, price activity has recently traded around and between the 50-bar MA (4-hourly) and 100-bar MA (4-hourly).  Chartists note that the 50-bar MA (hourly) just Bullishly crossed above the 100-bar MA (hourly) and 200-bar MA (hourly), a development that may coincide with additional price appreciation

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